Mistras Group Inc (MG) Stake Increased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its position in shares of Mistras Group Inc (NYSE:MG) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 903,041 shares of the technology company’s stock after acquiring an additional 31,053 shares during the period. Wedge Capital Management L L P NC’s holdings in Mistras Group were worth $21,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Broad Run Investment Management LLC lifted its holdings in shares of Mistras Group by 1.7% during the 2nd quarter. Broad Run Investment Management LLC now owns 1,577,235 shares of the technology company’s stock worth $34,652,000 after acquiring an additional 26,989 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Mistras Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,386,429 shares of the technology company’s stock worth $30,460,000 after acquiring an additional 34,319 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Mistras Group by 5.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,168,161 shares of the technology company’s stock worth $23,949,000 after acquiring an additional 57,126 shares during the period. Engine Capital Management LLC lifted its holdings in shares of Mistras Group by 22.6% during the 3rd quarter. Engine Capital Management LLC now owns 381,008 shares of the technology company’s stock worth $7,811,000 after acquiring an additional 70,218 shares during the period. Finally, State Street Corp lifted its holdings in shares of Mistras Group by 8.7% during the 2nd quarter. State Street Corp now owns 336,177 shares of the technology company’s stock worth $7,391,000 after acquiring an additional 26,796 shares during the period. 61.98% of the stock is owned by institutional investors.

Mistras Group Inc (NYSE:MG) opened at $20.46 on Friday. The stock has a market cap of $578.83, a P/E ratio of 36.54 and a beta of 1.18. Mistras Group Inc has a 12-month low of $17.00 and a 12-month high of $23.83. The company has a current ratio of 2.21, a quick ratio of 2.08 and a debt-to-equity ratio of 0.41.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Monday, November 6th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). Mistras Group had a return on equity of 6.16% and a net margin of 0.68%. The company had revenue of $179.57 million for the quarter, compared to analyst estimates of $172.28 million. analysts anticipate that Mistras Group Inc will post 0.48 earnings per share for the current year.

In other Mistras Group news, EVP Michael C. Keefe sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $22.80, for a total value of $91,200.00. Following the completion of the transaction, the executive vice president now directly owns 38,761 shares in the company, valued at approximately $883,750.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 44.70% of the company’s stock.

A number of equities analysts recently issued reports on MG shares. Goldman Sachs Group cut shares of Mistras Group from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $45.00 to $41.00 in a research report on Monday, October 16th. Canaccord Genuity upped their price objective on shares of Mistras Group from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Mistras Group from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a research report on Saturday, November 11th. Finally, Stephens set a $24.00 price objective on shares of Mistras Group and gave the stock a “hold” rating in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Mistras Group currently has a consensus rating of “Hold” and a consensus price target of $33.38.

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Mistras Group Profile

Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.

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Institutional Ownership by Quarter for Mistras Group (NYSE:MG)

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